Governments should recognize revenue from donated capital assets that will be sold to support the government's programs at which amount in their government-wide financial statements?
A)historical cost to the donor.
B)book value in the hands of the donor.
C)fair value of the donated assets.
D)zero.

Question

Quizplus · Accepted Answer

The Answer of Governments should recognize revenue from donated capital assets that will be sold to support the government's programs at which amount in their government-wide financial statements?
A)historical cost to the donor.
B)book value in the hands of the donor.
C)fair value of the donated assets.
D)zero.

Governments Should Recognize Revenue from Donated Capital Assets That Will